Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
As usual not many economic dockets scheduled for today and all with low volatility risks associated.
Upcoming:
- Japan: Leading economic index and coincident index is to be released at 5:00 GMT. Corporate service prices for May will be released at 23:50 GMT.
- New Zealand: RBNZ governor Wheeler is scheduled to speak at 7:30 GMT. Trade balance for June will be released at 22:45 GMT.
- Germany: IFO survey report for expectations, current assessment, and business climate will be released at 8:00 GMT.
- United Kingdom: CBI Industrial trend survey report will be released at 10:00 GMT.
- United States: Dallas Fed manufacturing business index will be released at 14:30 GMT.
- Auction: U.S. will auction 3 month and 6 month bills at 15:30 GMT and 2-year note at 17:00 GMT.
